Bitcoin Headed For $53K Or Lower? (Altcoins Market Update)
Updated
Today we see clear bear action developing after a low retrace and some higher lows.
We can see prices moving below EMA10 on low volume... This volume will soon grow and the correction can speed up.
At this point, the only way to change is to move back up and hit new highs consistently... After a new high, retraces/corrections due take place.
The Altcoins growing massively after Bitcoin peaks, it is a signal that Bitcoin can easily do sideways and consolidate or move lower for the Altcoins to move ahead.
Moving flowing from Bitcoin to Altcoins.
Altcoins Market Update
There are thousands and thousands of Altcoins now all across the market, so Altcoins is a very broad term.
Looking at those always present, some interesting signs are showing up/taking place.
MANABTC (Decentraland) hit a new All-Time High, period.
The highest price ever for this pair after growing over 555% in just a few days (less than a week):
This one, MANABTC, broke everything all the way back to 2018 but this isn't the only one.
After we saw the amazing bullish action happening with Shina Inu (SHIBUSDT), I quickly declared that the Altcoins would grow strong after this, this was the signal.
See here: SHIBA INU What To Expect And How This Affects The Market
And here: Altcoins Season Starts Now, How To Approach The Market!
Now, some of you might be getting desperate because you see the action happening but not on your trading pair... On the contrary, be calm, what the market is telling us is that everything will move up strong but it cannot happen all at once and thus we have to wait.
Hold your hands patiently and strong...
Let the market do the rest.
I am Alan Santana sharing this information for your support... Feel free to hit LIKE and FOLLOW now.
Namaste.
We can see prices moving below EMA10 on low volume... This volume will soon grow and the correction can speed up.
At this point, the only way to change is to move back up and hit new highs consistently... After a new high, retraces/corrections due take place.
The Altcoins growing massively after Bitcoin peaks, it is a signal that Bitcoin can easily do sideways and consolidate or move lower for the Altcoins to move ahead.
Moving flowing from Bitcoin to Altcoins.
Altcoins Market Update
There are thousands and thousands of Altcoins now all across the market, so Altcoins is a very broad term.
Looking at those always present, some interesting signs are showing up/taking place.
MANABTC (Decentraland) hit a new All-Time High, period.
The highest price ever for this pair after growing over 555% in just a few days (less than a week):
This one, MANABTC, broke everything all the way back to 2018 but this isn't the only one.
- STORJBTC is also doing crazy numbers.
- ANKRBTC also.
- ZENBTC also.
- ZRXBTC as well, Siacoin, DigiByte and this is only getting started.
After we saw the amazing bullish action happening with Shina Inu (SHIBUSDT), I quickly declared that the Altcoins would grow strong after this, this was the signal.
See here: SHIBA INU What To Expect And How This Affects The Market
And here: Altcoins Season Starts Now, How To Approach The Market!
Now, some of you might be getting desperate because you see the action happening but not on your trading pair... On the contrary, be calm, what the market is telling us is that everything will move up strong but it cannot happen all at once and thus we have to wait.
Hold your hands patiently and strong...
Let the market do the rest.
I am Alan Santana sharing this information for your support... Feel free to hit LIKE and FOLLOW now.
Namaste.
Note
You can't say that you were not warned.
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